Acumera, Netskope make security acquisitions to strengthen edge business

Acumera and Netskope announced the buyouts of Netsurion’s Secure Edge Networking business and Internet of Things (IoT) security company WootCloud respectively, to expand their edge security presence.

Acumera acquires Netsurion Secure Edge Networking solution

Austin, Texas-based Acumera says it acquired the Secure Edge Networking business of Netsurion to bring its staff and all-in-one managed networking, resilience, compliance, and security solution under its fold.

The Secure Edge Networking offers visibility to multi-location network environments to reduce business risk. It is accompanied by a network operations center and PCI DSS compliance management tools, all of which will be integrated into Acumera’s multi-location solution suite.

Acumera, which did not publicly disclose the terms of the acquisition, says it will complement its scalable platform that supports edge computing workloads related to security, monitoring, management, analytics, and loyalty programs. Acumera and Netsurion say that they will cooperate on a smooth transition for existing customers during the acquisition.

“We are glad to see our Secure Edge Networking solution transfer into Acumera’s capable hands. There is a natural synergy there,” says Kevin Watson, CEO of Netsurion. He adds that the acquisition will allow its retail, Point-of-Sale, restaurant and hospitality customers to enhance their network capabilities and compliance strategy with Acumera’s leading edge computing solutions.

Following the transfer, Netsurion plans to focus on its Managed Threat Protection solution in the managed detection and response market and expand its partner program as a master managed security service provider (MSSP) to information technology service providers.

Bill Morrow, CEO of Acumera, notes its February acquisition of Reliant, an edge computing solutions provider for retail and restaurants. He says, “With the acquisition of Netsurion’s Secure Edge Networking, we now lead the industry in both edge computing and secure edge networking in those markets. Acumera customers will benefit from enhanced capabilities for Secure Edge Networking and we will bring existing Netsurion customers a broader range of edge computing solutions and applications to make their businesses more efficient.”

Netskope adds WootCloud IoT security to portfolio

Edge security company Netskope took a step to bolster its enterprise IoT offerings by acquiring WootCloud, an IoT security firm.

WootCloud developed the ‘HyperContext Security Platform,’ a Zero Trust, end-to-end visibility, context, and threat remediation cloud solution for managed and unmanaged devices. It offers device discovery, classification, and control based on billions of daily measurements of device characteristics analyzed with proprietary artificial intelligence/machine learning models for device classification, risk assessment, access control and segmentation, cybersecurity asset management, and threat detection. From there, it can be leveraged for a broad IoT security strategy, according to a Netskope press release.

“WootCloud’s innovative technology will further extend Netskope’s industry-leading SSE [Security Service Edge] and Zero Trust capabilities, ensuring that critical data is protected from the network, to the cloud, to enterprise IoT devices,” says Sanjay Beri, CEO and co-founder of Netskope.

WootCloud’s CEO Amit Srivastav joined Netskope as an executive advisor to Beri, and WootCloud’s engineering team, led by the original founding CEO Srinivas Akella, have joined Netskope’s engineering organization.

The financial terms of the acquisition were left undisclosed.

“Netskope is an unquestioned leader in security service edge and zero trust, and it makes perfect sense to combine and extend our collective capabilities to protect enterprise IoT devices at scale,” says Srivastav. “We are so proud of what we have achieved with WootCloud, and we are excited to join Netskope for this next stage of the growth journey.”

Netskope has made previous acquisitions. In 2017, Netskope acquired Sift Security to incorporate its Infrastructure-as-a-Service threat detection, correlation, visualization, and response engine into Netskope Security Cloud.

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